Answer:
A is true
Explanation:
Answer:
This statement is true on Edg.
Answer:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
The opportunity cost of seeing Eric Clapton is the enjoyment that he gets from the Bob Dylan concert and $20 that is the difference between actual ticket price and willing to pay for it.
b) The interest rate will stay fixed for a period of time, then adjust either up or down based on an index
c) The interest rate can only change twice during the course of the loan
d) An adjustable rate mortgage always includes a balloon payment at the end of the 7th year
Answer:
b
Explanation:
b. the amount for your mortgage payments will decline over the life of your loan.
c. the amount of interest paid per mortgage payment will remain the same over the life of your loan.
d. the amount of prin?
Answer:
(a). At the beginning of your loan, your payments are covering mostly interest. At the end of your loan, your payments are covering mostly principal.
B. Failure to include voluntary organizations in your planning and exercises will result in duplication of effort and/or resource shortfalls and "spontaneous" volunteers arriving at the scene.
C. Given the limited resources, emergency managers should encourage groups to provide unsolicited donations.
D. Communities cannot effectively respond to or recover from incidents without strong cooperative relations with the private sector.
Answer:
C. Given the limited resources, emergency managers should encourage groups to provide unsolicited donations.
Answer:
C. Given the limited resources, emergency managers should encourage groups to provide unsolicited donations is the correct answer.
Explanation:
In this question, the false or incorrect statement is letter C. When the resources are limited, emergency managers shouldn't do what is stated in the third option (encourage groups to provide unsolicited donations.) On the other hand, A, B, and D, are true statements.
The scenario presented is an example of a Tax Deduction in the context of a progressive tax system, reducing the taxable income by the amount donated to charity.
The situation described in the question is an example of a Tax Deduction. A tax deduction reduces the amount of income that is subject to taxation. In this specific case, the individual earned $50,000, but because they donated $2,000 to charity, they were able to deduct this amount from their taxable income. Thus, they are only taxed on an income of $48,000. This principle is part of the federal income tax system, a progressive tax system which is set up such that individuals with higher incomes usually pay a larger share of their income in taxes than those with lower incomes.
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